olly_price
Long

USDNZD bullish falling wedge

FX_IDC:USDNZD   US DOLLAR / NEW ZEALAND DOLLAR
We've had 5 hit points on this falling wedge . Given this number and the fact that the market is very near the apex of the triangle expect a break into the upside on the next hit, but it could of course be on hit 7.

Green lines indicate the profit targets. Second one is most likely and the third one will be a really good hit.

Massive risk/reward on this trade.
Trade active
Trade closed: target reached: Target 1 met, continue trade for target 2
Comment: Trade stopped at breakeven.
To me it looks like it bounced off your top trendline, so it may be a bullish channel thats being created. I already have a long position from before, that last bounce makes me more optimistic to staying in. Consider that.
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olly_price GeneraldisastersInc
Great, thanks for the heads up.
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